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PPFAS Mutual Fund

Assets under management as on 30 Jun 2026
₹1,60,807.10Cr
In operation
13 years

About PPFAS Mutual Fund

PPFAS Mutual Fund is run by PPFAS Asset Management, a subsidiary of Parag Parikh Financial Advisory Services, and was established in October 2012. PPFAS Trustee Company is the trustee.

It is the most deliberately restrained fund house in the Indian market. For most of its life it ran a single equity scheme, on the reasoning that a long list of overlapping funds confuses investors more than it serves them, and it has expanded only slowly since.

Two other things set it apart. Its flagship equity scheme holds overseas listed stocks alongside Indian ones, which is unusual for a domestic equity fund. And the house does not run a sales team in the conventional sense - its employees are expected to invest their own money in its schemes, which it treats as the more meaningful signal.

Key information

Constitution, leadership and contact details as most recently reported. Senior personnel change - treat the names here as a starting point and confirm against the fund house’s own site.

Key information for PPFAS Mutual Fund
Set up10 October 2012
Incorporated08-Aug-11
TrusteePPFAS Trustee Company Pvt.Ltd.
Fund typeIndian Private
ChairmanP.A. Balasubramanian
CEONeil Parag Parikh
Chief Investment OfficerRajeev Thakkar
Compliance officerMs. Priya Hariani
Investor service officerAalok Mehta
AuditorM/s.M.M.Nissim & Co.LLP
Websitehttps://www.amc.ppfas.com
Phone022-61406555
EmailPriyah@ppfas.com
Registered address81/82,8th Floor,sakhar Bhavan,RamnathGoenka Marg,230,Nariman PointMumbai 400021

Scheme documents

Factsheet, KIM, SID and SAI for this fund house, linked straight through to its own website.

View scheme documents

Frequently asked questions

Who holds my money when I invest with PPFAS Mutual Fund?
Not the asset management company. PPFAS Mutual Fund’s schemes are held in trust by PPFAS Trustee Company Pvt.Ltd., which holds the assets on behalf of unitholders and supervises the AMC on their behalf. The securities themselves sit with an independent custodian, and your unit records are kept by a registrar and transfer agent - CAMS or KFintech for almost every fund house in India. The AMC decides what the schemes buy and sell; it never takes custody of your money.
How much money does PPFAS Mutual Fund manage?
PPFAS Mutual Fund managed ₹1,60,807.10Cr in assets as on 30 Jun 2026. Assets under management measure how much money a fund house has gathered, not how well it has managed it - a larger AUM is not evidence of better returns, and this figure is a snapshot rather than a live number.
When was PPFAS Mutual Fund founded?
PPFAS Mutual Fund was set up on 10 October 2012. The asset management company was incorporated on 08-Aug-11. That makes it roughly 13 years old.
Who manages PPFAS Mutual Fund?
Chief Executive Officer: Neil Parag Parikh. Chief Investment Officer: Rajeev Thakkar. Senior personnel change, and a scheme’s track record belongs to whoever was managing it at the time - check the current fund manager and their tenure on the scheme’s own factsheet before reading much into past performance.
Is PPFAS Mutual Fund regulated by SEBI?
Yes. Every asset management company operating in India is registered with SEBI under the SEBI (Mutual Funds) Regulations, 1996, and can only launch a scheme after filing its offer documents with the regulator. PPFAS Mutual Fund is classified as indian private. Disclosure, valuation, expense caps and advertising are all prescribed by the regulator rather than left to the fund house.
Where can I find PPFAS Mutual Fund’s factsheet, KIM, SID and SAI?
On PPFAS Mutual Fund’s own website - those are the authoritative, current filings. We keep a directory linking straight to all four documents for every fund house, which you can find under Scheme related documents.
What happens to my investment if PPFAS Mutual Fund is sold or shuts down?
Your holdings are not at risk from a change of ownership. The schemes would be transferred to the acquiring asset management company or merged into comparable ones, under SEBI’s supervision. Unitholders are told in advance, and if a scheme’s fundamental attributes change as a result you get a window to exit without paying an exit load. Because the assets belong to the trust rather than to the company managing them, they do not move when the company does - several fund houses operating in India today were formed exactly this way.
Can I hold PPFAS Mutual Fund schemes alongside funds from other AMCs?
Yes, and there is no advantage in concentrating with one fund house. Units from different AMCs sit in the same folio structure at the registrar level and can be tracked together. Choosing a scheme on its own merits - its mandate, its costs, who manages it - matters considerably more than keeping everything under one name.
What is the difference between PPFAS Mutual Fund’s direct and regular plans?
Every scheme is offered in both. The direct plan carries no distribution cost; the regular plan does, which is why its total expense ratio is higher and its NAV differs. The underlying portfolio is identical - same holdings, same fund manager, same mandate. Where you buy determines which plan you get. Both plans’ expense ratios are printed on the scheme’s factsheet.
How should I judge whether PPFAS Mutual Fund is right for me?
Look at the scheme rather than the house. A fund house sets the investment philosophy and the standards its schemes are run to, and it is reasonable to rule out one whose approach you disagree with - but what you actually own is a scheme, with its own mandate, its own expense ratio and its own fund manager. Assets under management, brand familiarity and the size of the sponsor tell you very little about future returns. The scheme information document is where the mandate, the costs and the risk factors are actually written down.
How do I contact PPFAS Mutual Fund?
Website: https://www.amc.ppfas.com. Phone: 022-61406555. Email: Priyah@ppfas.com. Registered office: 81/82,8th Floor,sakhar Bhavan,RamnathGoenka Marg,230,Nariman PointMumbai 400021.